Electronic business information provider Bureau van Dijk blames the political unrest of the Arab Spring for a 79 per cent plunge in merger and acquisition deals in the third quarter of 2011 with just 60 transactions across the whole Middle East worth $1.6 billion. However, the situation is less bad in terms of the total value of M&A activity which dropped by $400 million from Q3 last year.
BvD commented: ‘This suggests that in the case of deals which actually reach the agreed stage, target company valuations were not lower than this time last year. That said, Q3’s 60 deals worth $1.6 billion does not compare favourably with Q2’s 99 worth $6.5 billion’.
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